FOREIGN RELATIONS: Point for Point Four

In the two years since Harry
Truman pulled Point Four out of a hat and stuck it into his inaugural
speech, it has remained largely a plan without a program. But last week
a board headed by Nelson Rockefeller and comprised of representatives
from business, labor, agriculture, health and law, handed the President
a carefully worked out program for giving point to Point Four.

The board proposed the creation of a massive Overseas Economic
Administration, to absorb ECA and all foreign-aid programs now
scattered among 23 U.S. agencies. It proposed the appropriation of $500
million for OEA to spend on aid...